India New Issue-Vertis Infra Trust to issue 6-year bonds, bankers say
India New Issue-Vertis Infra Trust to issue 6-year bonds, bankers say MUMBAI, Sept 8 (Reuters) - India's Vertis Infrastructure Trust VERR.NS plans to raise 14.25 billion rupees ($150.42 million) through the sale of bonds maturing in six years, three bankers said on Tuesday.
The infra trust will pay a coupon of 7.63% on a quarterly basis, and has invited commitment bids on Wednesday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Vertis Infra Trust | 6 years | 7.63 (quarterly) | 14.25 | September 9 | AAA (Crisil) |
Bajaj Finance | 3 years and 6 months | 8.09 (yield) | 20.50 | September 7 | AAA (Crisil) |
Larsen & Toubro | 3 years | 7.40 | 5 | September 9 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.7350 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
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